FX.co ★ Actual patterns. Technical analysis and trading recommendations

The Double Bottom pattern has been formed on AUDCHF M15. Characteristics: the support level 0.5170; the resistance level 0.5177; the width of the pattern 7 points. If the resistance level is broken, a change in the trend can be predicted with the first target point lying at the distance of 7 points.

The Double Bottom pattern has been formed on AUDCHF M15. Characteristics: the support level 0.5176; the resistance level 0.5181; the width of the pattern 5 points. If the resistance level is broken, a change in the trend can be predicted with the first target point lying at the distance of 5 points.

The Double Bottom pattern has been formed on AUDCHF M5; the upper boundary is 0.5184; the lower boundary is 0.5178. The width of the pattern is 6 points. In case of a break of the upper boundary 0.5184, a change in the trend can be predicted where the width of the pattern will coincide with the distance to a possible take profit level.

The Double Bottom pattern has been formed on AUDCHF M5. Characteristics: the support level 0.5182; the resistance level 0.5187; the width of the pattern 5 points. If the resistance level is broken, a change in the trend can be predicted with the first target point lying at the distance of 5 points.

The Triple Bottom pattern has formed on the chart of AUDCHF M5. Features of the pattern: The lower line of the pattern has coordinates 0.5168 with the upper limit 0.5168/0.5158, the projection of the width is 16 points. The formation of the Triple Bottom pattern most likely indicates a change in the trend from downward to upward. This means that in the event of a breakdown of the resistance level 0.5152, the price is most likely to continue the upward movement.